How much Karta can gift to HUF which is not taxable...?
Please solve my query.
11 Replies
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 15 December 2012
u have to define the asset whic karta wanna gift to huf for correct advise.
Gauri Agarwal
(Not applicable)
(181 Points)
Replied 15 December 2012
If we are giving it in the form of cheque...
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 15 December 2012
Then refer provisons of section 56(2) and section 64 ur querry will be ans.
Gauri Agarwal
(Not applicable)
(181 Points)
Replied 15 December 2012
If Karta gives gift to the HUF through cash and HUF makes FDR the income will be considered as Karta income or HUF income.
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 15 December 2012
Income on FDR will be of huf and huf shall pay tax if tax is at all payble.
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 15 December 2012
not at all
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 15 December 2012
In whic finance act is has been ammended?
give me the link?
Gauri Agarwal
(Not applicable)
(181 Points)
Replied 15 December 2012
NO...I am asking you...is it amended or not.....
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 15 December 2012
Jus now i hav checked section 56 (2) and section60-64 wit latest book on direct tax laws
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